CATL files for Hong Kong listing, potentially largest IPO since 2021

CATL is the world’s largest electric vehicle battery maker and supplier to the likes of Tesla and Ford. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images China’s Contemporary Amperex Technology (CATL), the largest electric vehicle battery producer in the world, has filed for listing on Hong Kong’s stock exchange, potentially making it the … Read more

India’s oil minister says ‘we play by the rules,’ as markets weigh U.S. energy sanctions

India will cooperate with international sanctions, the country’s oil minister told CNBC on Tuesday, as markets eye future U.S. policy under the new administration of President Donald Trump. “We play by the rules. If there is an international sanction, which is anchored, we would not want to go around it or anything,” India’s Minister of … Read more

Bank stocks set to do ‘pretty well’ under Trump 2.0, investor says, naming his favorites

Investment bank stocks are set to benefit from the Trump presidency, according to investor Kingsley Jones, who said it was time for financials to “step up.” Speaking to CNBC’s Martin Soong, the Australian investor struck a bullish tone on the outlook for stocks as U.S. President Donald Trump’s second term gets underway. “Wall Street, in … Read more

Trump fires USAID’s inspector general after his office released a report critical of the administration

A worker removes the U.S. Agency for International Development sign on their headquarters on Feb. 7, 2025 in Washington, DC. Kayla Bartkowski | Getty Images The inspector general at the U.S. Agency for International Development was fired Tuesday, a day after his office released a report detailing the negative impact of the Trump administration’s dramatic … Read more

How Uniqlo has grown in the U.S.

Uniqlo is catching on in the U.S. — and it may have more room to grow. With a market capitalization of roughly $100 billion, Uniqlo’s Japanese parent company Fast Retailing is one of the largest retailers in the world behind Zara’s owner, Spanish company Inditex. Uniqlo has been able to grow thanks to what experts … Read more

California’s insurer for people without private coverage needs $1 billion more for LA fires claims

An aerial view of hillside homes which burned in the Palisades Fire, near a home which is intact, as wildfires cause damage and loss through the LA region on January 15, 2025 in Malibu, California.  Mario Tama | Getty Images California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion … Read more

NASA-SpaceX capsule switch poised to bring Starliner astronauts home days sooner

NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing’s Starliner to the International Space Station on NASA NASA on Tuesday swapped out the astronaut capsule it plans to use for an upcoming routine flight to the International Space Station, a scheduling move that will allow a slightly earlier return for … Read more

White House bars AP from Oval Office

U.S. President Donald Trump speaks to reporters after signing a proclamation renaming the Gulf of Mexico to the Gulf of America, while flying over the gulf aboard Air Force One en route to New Orleans to attend the Super Bowl, February 9, 2025.  Kevin Lamarque | Reuters The White House blocked an Associated Press reporter … Read more

India CPI, SoftBank Group earnings

Yusuf Gandhi | 500Px | Getty Images Asia-Pacific markets opened mixed Wednesday after Federal Reserve Chair Jerome Powell signaled there was no urgency to cut rates. Powell on Tuesday re-emphasized the central bank’s focus on curbing inflation and signaled that policymakers were not in a rush to push interest rates lower. Australia’s S&P/ASX 200 traded … Read more